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Visa and Mastercard just pulled a plot twist; they’re slashing swipe fees, and your juicy cashback could disappear faster than your weekend savings. India’s inflation just crashed to a record low; your wallet basically got a raise without HR knowing. Meanwhile, SoftBank dumped Nvidia stock, shaking global markets so hard your mutual fund might already be wobbling. And JPMorgan? They just turned money into code. Soon, your salary could hit your account before you even refresh your banking app.
Here’s what’s moving the markets and your money right now.
In Today’s Business Pulse
📱 Start investing easily – Buy and trade stocks right from your phone with top-rated online brokers.
💳 Credit Cards Lose Their Shine – Visa and Mastercard slash fees, and your cashback may vanish with them.
📉 India’s Inflation Naps – Prices hit record lows, giving your wallet its first smile in years.
🤖 SoftBank’s AI Bet Backfires – Selling Nvidia Stock Sent Markets Spinning and Investors Sweating.
⚡ JPMorgan Rewires Money – JPM Coin makes cash move at blockchain speed — blink and it’s paid.
⚡ Quick Hits – IN BUSINESS TODAY
Welcome to the era where your money moves faster than you can blink, your perks vanish before you can spend them, and your portfolio shakes for reasons you’ll never see coming.
Start investing right from your phone
Jumping into the stock market might seem intimidating with all its ups and downs, but it’s actually easier than you think. Today’s online brokerages make it simple to buy and trade stocks, ETFs, and options right from your phone or laptop. Many even connect you with experts who can guide you along the way, so you don’t have to figure it all out alone. Get started by opening an account from Money’s list of the Best Online Stock Brokers and start investing with confidence today.
Image Credit: AIGPE®
🧠 The Pulse
If you love cashback and credit card points, here’s the plot twist: Visa and Mastercard are negotiating to lower merchant fees, but that might shrink your rewards. The swipe still works, but the perks may soon vanish.
📌 The Download
The card giants are reportedly close to a deal that would reduce the fees stores pay each time a card is swiped. It sounds good for businesses, but less revenue for banks means fewer rewards for users.
Credit card issuers use merchant fees to fund cashbacks, airline miles, and discounts, so if these fees drop, expect “2% back on everything” to quietly become “1% back on select purchases.”
Retailers may pass some savings on to consumers, but banks could also hike annual fees or interest rates to make up the difference.
💡 What This Means for You
Your card rewards might start feeling stingier. So use those miles and points while they last — because your next flight or Amazon voucher may not be “free” for much longer.
Image Credit: AIGPE®
🧠 The Pulse
Your grocery bill just took a breather; inflation in India hit a record low of 0.25% in October. After months of rising prices, this feels like your wallet finally catching its breath. But before you celebrate, remember: cheaper onions today don’t always mean cheaper rents or EMIs tomorrow.
📌 The Download
The latest government data shows inflation slowed to 0.25%, the lowest in decades. It’s mainly because food and energy prices cooled, giving relief to households already stretched by EMIs and school fees.
Economists say this is good news for savers: with inflation this low, your money’s value isn’t eroding as fast, but it also means the RBI might delay rate cuts, so loan EMIs could stay put for now.
For families, it’s a mixed bag; your grocery runs may get lighter on the pocket, but long-term prices (like housing and healthcare) may not follow suit just yet.
💡 What This Means for You
Your daily expenses may finally feel manageable, but don’t expect miracles overnight. Use this cooling period to save and pay off debts, because once inflation picks up again, you’ll wish you had.
Image Credit: AIGPE®
🧠 The Pulse
Imagine selling your best-performing stock and watching the market panic; that’s what SoftBank just did. After offloading its Nvidia shares, investors freaked out, tanking its stock by 7%. But this isn’t just Japan’s headache; it’s a sign of how fragile AI hype really is.
📌 The Download
SoftBank’s shares crashed after it sold part of its Nvidia holdings, a company leading the AI revolution. The move spooked investors, who saw it as a loss of confidence in the AI boom.
This matters for regular people too: AI stocks are now deeply tied to mutual funds and retirement portfolios worldwide, meaning your investments might wobble even if you’ve never touched Nvidia stock.
The sell-off also hints that big investors are taking profits, suggesting AI may be entering a “reality check” phase, where hype gives way to actual results.
💡 What This Means for You
If you’ve been investing in tech-heavy mutual funds, buckle up. The AI rollercoaster isn’t over, but now’s the time to stay calm, diversify, and remember: hype doesn’t always equal profit.
Image Credit: AIGPE®
🧠 The Pulse
Your next salary transfer could move at the speed of a WhatsApp message, thanks to JPMorgan’s new blockchain-powered coin, JPM Coin. It’s not crypto; it’s real money moving on new rails, promising instant and secure institutional transfers.
📌 The Download
JPMorgan launched JPM Coin, a blockchain-based digital deposit token, to move money between major institutions instantly, cutting out delays in global payments.
While it’s currently for large companies, this tech could eventually trickle down to retail banking, meaning faster salary credits, international transfers, and fewer “pending” notifications.
For regular people, it signals a shift: banks are adopting blockchain not for speculation, but to make the financial system faster and cheaper. That’s a quiet revolution happening behind the scenes.
💡 What This Means for You
Expect smoother, quicker banking in the coming years. It’s one small step for JPMorgan, but one giant leap toward ending the “your payment will reflect in 3–5 business days” era.
IN BUSINESS TODAY - QUICK HITS
⚡Quick Hits (60‑Second News Sprint)
Short, sharp updates to keep your finger on the Business pulse.
📈 Dow jumps 550 points: Wall Street is cheering up as hopes rise that the U.S. government shutdown could end soon. Investors are buying again, pushing major indexes higher and easing fears about the economy. The market’s mood: relief and optimism after weeks of political and financial stress.
🎯 FTSE 100 nears 10,000: London’s main stock index hit another record high and is now close to the 10,000-point milestone. Strong global markets and steady earnings are boosting confidence. Investors see it as a sign that Britain’s economy is holding up better than expected despite global uncertainty.